Adani CFO defends against US charges, says linked to one business contract

3 hours ago 1

Adani The logo of the Adani Group is seen connected the facade of its Corporate House connected the outskirts of Ahmedabad, India. (Reuters)

A US bribery indictment of Indian billionaire Gautam Adani is linked to 1 declaration of Adani Green Energy comprising immoderate 10% of its business, and nary of the conglomerate’s different companies are accused of wrongdoing, the group’s CFO said connected Saturday.

On Wednesday, Gautam Adani, 1 of the world’s richest men, and 7 others were indicted for fraud by US prosecutors implicit their alleged roles successful a $265 cardinal strategy to bribe Indian officials to unafraid power-supply deals.

Adani Group has denied the allegations calling them “baseless”. Group CFO Jugeshinder Singh sought to support the allegations connected Saturday saying nary of Adani’s 11 nationalist companies “are taxable to indictment” oregon “are accused of immoderate wrongdoing successful the said ineligible filing”.

The allegations successful the US indictment relates to “one declaration of Adani Green which is astir 10% of wide concern of Adani Green”, Singh said connected X, adding the radical volition stock much details astatine a aboriginal point.

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